Texas Utilities Code
§ 39.1515 — WHOLESALE ELECTRIC MARKET MONITOR
UT § 39.1515Title 2. PUBLIC UTILITY REGULATORY ACT · Part B. ELECTRIC UTILITIES · Ch. 39. RESTRUCTURING OF ELECTRIC UTILITY INDUSTRY · Art. D. MARKET STRUCTURE
Statute text
View on source(a)An independent organization certified under Section 39.151 shall contract with an entity selected by the commission to act as the commission's wholesale electric market monitor to detect and prevent market manipulation strategies, recommend measures to enhance the efficiency of the wholesale market, and provide independent analysis of any material changes proposed to the wholesale market. The commission may not restrict the market monitor from appearing or speaking before or providing analysis to the legislature. The independent organization may not substantially modify the market monitor's contract unless the modification is approved by a majority of the commissioners.
(b)The independent organization shall provide to the personnel of the market monitor:
(1)full access to the organization's main operations center and the organization's records that concern operations, settlement, and reliability; and
(2)other support and cooperation the commission determines is necessary for the market monitor to perform the market monitor's functions.
(c)The independent organization shall use money from the fee authorized by Section 39.151(e) to pay for the market monitor's activities.
(d)The commission is responsible for ensuring that the market monitor has the resources, expertise, and authority necessary to monitor the wholesale electric market effectively and shall adopt rules and perform oversight of the market monitor as necessary. The market monitor shall operate under the supervision and oversight of the commission. The commission shall retain all enforcement authority conferred under this title, and this section may not be construed to confer enforcement authority on the market monitor or to authorize the commission to delegate the commission's enforcement authority to the market monitor. The commission by rule shall define:
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Legislative history
Acts 2013, 83rd Leg., R.S., Ch. 170 (H.B. 1600), Sec. 1.09, eff. September 1, 2013. Acts 2023, 88th Leg., R.S., Ch. 410 (H.B. 1500), Sec. 18, eff. September 1, 2023.